Annual inflation in Azerbaijan will drop to 3.5% by the end of the year, APA-Economics reports, citing the international economic statistics portal "Trading Economics" (TE).
The portal has left its inflation forecasts for Azerbaijan unchanged.
The statistics portal predicted inflation in Azerbaijan at 4.7% for the first quarter of this year, 4.3% in the second quarter, 4% in the third quarter, and 3.5% in the fourth quarter.
"Trading Economics" also predicted that the Central Bank of Azerbaijan will reduce the discount rate in parallel. TE believes that the CBA will keep the discount rate stable at 6.5% in the second quarter of this year, reduce it to 6.25% in the third quarter, and to 6% in the last quarter of the year.
Note that the Central Bank last reduced the interest rate by 0.25% points to 6.5% on February 4 of this year.
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